The Brookhaven leader., 1887-07-28
BUSINESS OUTLOOK.
Carefully Prepared Reports show Favor
able Stata of Trade.


important trade centers, notably at Phila-
delphia, where autumn trading has begun
in dry goods, and at New York, where
similar reports are made, the chief stlmu-
lus to a portion Of the heavier movement
being the new ruling OF the trunk hhe
commission on the classification OF cotton
goods. At st. Louis business is very good
for the season, there being an excellent
after-harvest demand in the country trlbu-
tary thereto. The sales of dry goods and
hardware are heavier at st. Joseph and the
fall demand is pronounced. Trade at Den
yer is reported at over twenty i've per cent.
in excess OF July, 1886.
Kansas City is building as actively as
ever, and sending out more staple grocer
les than previously, though trade there in
dry goods and grain Is less than week
ago There are few complaints Of the eff
fects Of hot weather on general trade, par
ticularly at Cincinnati, Pittsburgh, and
Dallas. Business at Galveston is Temporal
rily depressed by the failure of large cot
ton firm, but crop prospects in that region
are good.
Crop reports telegraphed to BrddstreetS
are favorable FOR cotton and rice. The
bulk of winter wheat has been harvested
| and the outlook is for S5,OOO,OU bushels
less production than in 1886; the
spr ug wheat production may be 5,OOO,-
600 bushels less, or total crop
OF 417,OOO,O0) against 457 100000 last year.
A severe drouth has threatened serious
damage to- the crops In Ohio, Kentucky,
Indiana, Illinois, Kansas, Missouri and
Iowa. but late telegraphic advices report
rains in Ohio Illinois, Iowa and Missouri,
which affected prices at once.
Special reports to BrddStreers of the gross
earnings of 107 railways for June and for
six months during four years show that
| June, 1851 earnings increased l3 per cent.
over June, 1885, and % and II per cent. re-
spectively over 1885 and 1884. For six
months of 1887 the increases are: 10 per
cent over 1885, Is over 1885 and 10 per cent.
over 1854. The indications are that the
second half of 1887 will show somewhat
/ larger rate of increase over the three pre-
/ ceding years.
! Tue industrial situation has improved
with the return to work OF the striking
coke burners, and the continuance OF low
ebb to the tide of striking industrial en-
ploves throughout the country. The total
striking for three weeks of July, however,
is over IA 0O0, or 1900 more than in July,
1886, and promises for the whole OF July to
be nearly double the total for June, 1887,
900
/ The official report OF the production OF
pig iron Cor six months shows an output at
the rate of 6,U51, ,GOC gross tons, an indicated
increase over 1885 of about eight per cent.
in spite of the decreased production OF at
least $500 tons In May and June, owing
to the coke strike. The report that stocks
of pig iron uusold in makers and dealers
hands are larger than December 81, is a
surprise. and reflects strangely on many In
position 70 know, who have constantly re-
ported stocks lighter than ever or mo lron
on hand"
The movement OF staple cotton goods has
increased and prices are hrmer. Llght
weight woolens nave been offered, but
buylng has not been conspicuous Wool IS
as quiet as heretofore, with makers buy
ing sparingly. Raw cotton has a better
tone, having lost and regained one and a
sixteenth of cent during the week Sugar
is in better demand for raw and rehued,
with prices tending upward. Coffee, to",
has enioyed another advance on strong
statistical position in Brazil and confident
and strong holders here.
DUN's REPORT.
r. G. Dun & Co, in their weekly review
of trade, say: With business progressing
well throughout the country, crop pros
poets excellent, iron production larger than
at any previous period, and money In
abundant supply, Wall street is disturbed
because a dream it has been chasing for
months suddenly fades away, and Mr..
Garrett announces the failure of Mr.. Ives
to buy the Baltimore & Ohio The incident
illustrates the weakness of Wall street as
barometer. For four months the street
S been dscounting the beneticent results
of this expected settlement" and all
sorts of purchases, loans, commitments and
calculations have been based thereon. But
for these the retention of the Baltimore q
Ohio by it's old owners would disturb no.
body. But now litigation, involving the
value of many properties, direct and
indirect, has been commenced, and may
overcloud with uncertainty for some time,
and meanwhile no one wants to buy share
. in a lawsuit.
i Wheat at Slslc for No. cred winter in July
is lower than it has been before IN that
month for more than forty years, and close
to the lowest price for that period in any
! month. This is the direct result of a spec
ulation which drew many million bushels
from farmers hands, where the cost OF
carrying was nothing, into the hands OF
dealers who are anxious to unload before
| the new wheat comes. The 20, ,OOO, 900 bush
els in a few elevators are heavier than 80,
600, 900 bushels would be in the farmers
barns. Small purchases from farmers for
some time to come are probable, and the
consequent delay in demand for money tC
use in crop moving may possibly be help
full.
Prices generally are low, in spite Of many
speculatlons. AS evidence of the aosorp
tion of floating capital in fixed forms, and
| its effects, it may be stated that the samt
quantities of articles, representing nine
tenths of the aggregate consumption OF the
country, which could have been bought {
year ago for 500 would now cost only
about $l0O. 80, and they were not four pei
cent. higher in January Last. So small ;
change in prices, after an expansion o
s65, 100000 during the year in circulation, il
surprising.
Cotton is tending downward, with liquid
atlon following several important failures
but goods are comparatively scarce anC
prices well maintained.
Reports from all parts of the country ar
uniformly favorable as to the state of trad
for the season, and collections are reported
good or fair at all points save two. Th
crop prospects are also pronounced NOR
favorable, though the extent of the damag
done by drought and insects can not be de
termined. Failure to enforce the Inter
State act, as was expected, results in disap
pointment to some localities; but the vol
ume of exchanges and the returns of rail
whole, larger than a year ago.
The Silver scheme.
New YORK, July 22.-The new silver Ger
tifcates, each representing 1,0O0 ounces
iocuad hu tha WaStaPn National Rank h.